Video Length: 00:07:10
Tracey Ryniec and David Bartosiak, Stock Strategists at Zacks Investment Research, discuss the future of GoPro Inc. (GPRO – Analyst Report) after the shares of the sports camera company have plunged this year.
At one time the darling of tech investors, the sell-off has been severe. David says the stock doesn’t look good from the technical side. He doesn’t like what he’s seeing on the chart from a supposed growth stock.
Tracey argues that while estimates for this year and next year have been cut, GoPro is still profitable, so all is not lost. One thing that is holding her back is that it’s not that cheap, with a forward P/E of 23.
Would either one be buying the shares at these levels? What if they fell even more?
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